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In Search Of Rising Dividends: EnCana Or Cenovus? Seeking Alpha

-- expats
Forum Post
01/13/12 08:32
William

In Search Of Rising Dividends: EnCana Or Cenovus? Seeking Alpha

Thank author of this post/commentIn December 2009, EnCana ( ECA ) spun off its integrated oil and liquid natural gas operations forming Cenovus ( CVE ). The idea at the time was that splitting the two companies into separate entities would unlock value for shareholders as the market would provide better recognition of the assets. Well, so much for that assumption. Since the split, EnCana’s stock price has fallen from about $60 per share to $18.27 while the price for a share of Cenovus has risen from about $25.50 to close at $ 33.75 on January 11, 2012.

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